Almost all agents charge 5% nowadays. The ones that charge 4% do the bare minimum. I'm not going cheap on selling my house. |
Lots of agents who charge 5% do the bare minimum too. That was our experience selling a parent's place. Unless your place is a real pit in a horrible school district, it will probably sell itself in this market. Why throw thousands of dollars away on your feelings and a persuasive realtor. |
It truly sounds like you've had some dud realtors while the rest of us have done our research and found people that will do work for the same amount of money. Next time, do a little more work in selecting an agent that meets your needs. We made sure to ask what was included in each realtor's service - the vast majority of them said they would coordinate contractors or give us a lockbox so we could do that coordination ourselves, many of them included a house cleaning, and some also included staging and yard work. We wanted the most bang for our buck, so we went with the ones that (a) we knew were familiar in the area and (b) offered the most services. Very happy with our choice. We *did not* go with the lady who was like "I sell all the houses in your neighborhood" because while she did sell the most houses in our neighborhood, we knew her service was all about selling quickly which included pricing low (and she didn't offer free staging). |
Never change, DCUM. A whole thread about why you shouldn't pay your agent to coordinate contractors, housecleaning, yard work, painting or ANYTHING else. And other threads about how 5% commission isn't worth it, and maybe not 4% either. And here's either a realtor (most likely) or somebody who really needs their hand held, blaming somebody else for not sucking it up and paying 5%. |
PS. You're talking to more than one person. There are more than one of us who have had bad experiences or just understand the economics of going with the realtors' lender or contractors, also the kickbacks. |
You got all of that out of OP's question? Because I thought she asked: What do you think? did you find yourself influenced by a staged home? Will you stage your home when you sell? My answer as someone who just bought a new house and sold an older one: anyone who says they're not influenced by a staged home is lying. We can all see the potential in a vacant or cluttered or run down home, but the staging definitely makes things look nicer. Yes, we staged our home when we sold because we had already moved out so it was vacant. Our realtor paid for her stager to make recommendations for updates to our house (we did maybe half of those) and to bring in furniture/artwork/accessories to fill the rooms. I think it worked - everyone that had been to our home previously and saw it staged said it looked amazing. My own incredibly critical mother who hated our house kept talking about how it looked so much bigger, so much more livable, etc... so to me, that's proof that the staging worked. |
You're quoting me and I'm absolutely not a realtor. I am someone who just bought a house, moved into it, and then sold our old house. We didn't love everything about our realtor, but in the end she did a great job. We got a house we love for a reasonable price and we were able to sell our house for well above list price. And for what it's worth - the neighborhood realtor I described above also charged 5%. We talked to several people, they all charged 5% and they all offered different services. Who am I blaming again and for what? Also, as people have noted, you're talking to multiple people. Sorry you had a bad experience at some point, next time do your due diligence. |
DP. I agree with you that there’s a huge conflict of interest, but not necessarily that the recommended contractors will give or get a kick-back. It’s that agents have misaligned incentives - they don’t care if the seller spends a lot of money they won’t recoup in sales price because it’s not their money. Any increase in sales price benefits the agent. In addition the sellers agent doesn’t care if the seller gets sued for concealed defects. We have a bathroom with a leak that needs to be repaired and the seller’s agent tried to tell me we could just caulk and regrout and replace the water-stained drywall. |
Why on earth should I care if my realtor gets kickbacks from people whose services she paid for? She paid for staging, landscaping, cleaning - I don't care who she used as long as it looks good and I don't have to pay for it. We used our own lender and contractors, so no kickbacks there. Keep going, though, feel free. |
DP. Ffs! Your realtor did not pay for those things. YOU paid for them, through her fee. This is basic economics. |
This is a major issue that most people don't see, although kickbacks are a very real thing too. The realtor doesn't care if you spend $40K of your own money to net $6K more (at a loss of $36K of your own money). It makes it easier for her to sell your house quickly and get her check. To answer OP's question, it really depends on the home and the furnishings you already have. The last home we sold off market. Didn't do a thing and still got top dollar. The home before that, we fixed anything missing or broken (finally replaced a cabinet handle, repaired some flashing, etc.) and painted any rooms that were specific colors. We had already moved into the new home so we just left some sofas and stuff for staging. Did that trick of putting large boxes with an air mattress and made the "bed" for kids rooms. Bought some pillows, artwork, and other accessories from HomeGoods. You don't need to fully furnish a home, but yes I think some light staging makes a difference for most homes. |
At a loss of $34K - sorry ![]() |
You assume realtors do all that. Ours put in the contract and we were left to figure out closing. Luckily we picked a good settlement company. She did not show for settlement or inspections. |
I'll have to ask my husband if he remembers. I recall we did not go with the cheapest one. The one we ultimately went with had recently sold our then next door neighbor's house and seemed to be the local expert. |
+1 |